Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
India Inc is ready to diversify into unchartered areas.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A single application and a plethora of services for passenger cars - that is what myTVS, a brand that operates under Ki Mobility Solutions and is part of the TVS family, is set to bring to customers, in a bid to disrupt the concept of "super apps" in India. Starting July 15, myTVS will launch its connected car platform or super app called myTVS Life360 for aftermarket passenger cars. Through it, customers will be able to avail themselves of a range of services like maintenance, diagnostics, roadside assistance, accessories, payments, insurance, and so on.
However, IT stocks fell on weak growth forecast by Gartner
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
Most of the index heavyweights are yet to declare their results.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
The broader markets, however, outperformed their larger peers.
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Financials and auto stocks were the top losers while energy and IT shares recovered
Indian CEOs might like to make some serious course correction.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
The BSE Mid-Cap index was currently down 1.25%
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Positive cues from Asian peers also uplifted the sentiment.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The markets had been on an upward trajectory since August 2013.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
